Omaha daily bee., 1887-10-19
The SPECULATIVE MARKETS.
Prices Of Wheat See-Saw Backward
and Forward.
THE CORN PIT FEArUReLEss
Provisions Receive More Attention
Than For Several Weeks-NO
Change in Cattle-Hogs
Brisk-QuOtatiOns.
CHICAGO PRODUCE MARKET.

CHICAGO, Oct 1S.-ISpecial Telegram to
the BEE. l-Dccember wheat started in at
12i4c and there were sufficient buying orders
at hand to gain an advance to I2l4M12ssc,
which was very brief. There was then a
drop to about 721sMT2i4c, where the price
fingered for a while and again declined to
1lXM12c, which was the low point for the scs-
son and was again touched after an advance
to 721tc had been made Property appeared
to be wanted always at about this point, and
there was second recovery to 52lsc, which
was the close. This scc-sawing process be
tween II l1Sn1lc and 121sc was not accompa-
MED by any considerable amount of trading
and no manner of news appeared to be ac-
countablc for the slight fluctuations unless
possibly the last advance, and the steady
close might be attributed to a late cable,
which gave spot wheat firm and I'd higher
at Liverpool. The New York market was
steady at unchanged prices but reports from
that city said business there was 'deporably
dull'' owing to the absence Of outside orders
for the speculative market. 1t was reported
that some wheat was bought for foreign ac-
count in New York.
The corn market was almost featureless
and quite dull. There was a small decline in
prices taking the session through, which was
is IA great scarcity of vessel room and with
higher freights, buyers of cash property for
shipment are scarce. The receipts were
little less than cxpectcd-625 cars-and only
41S ears are expected tomorrow Some re-
ceivers are advised that farmers deliveries
of old corn are about through with, and the
fact is mentioned by those who expect to see
higher prices for the article. that corn ship
ments have been greatly stimulated during
this month by lower freight rates, also that
the unsettled weather and bad roads are to
be expected about this time and II little later
from all of which it is inferred that we are
not likely to be overwhelmed with receipts.
The market opened at small decline from
yesterdays closing figures-at 4O1S04lc for
November, 4OHc for December and 1890
441ac for May. There was an advance from
these figures to Ale for November and De
cember and to 445Sc for May, but the ad
vance was not maintained and on the down
grade the starting point was passed by No
vember and December, which closed at 4Os4c,
but May rested at ~ 3c-only &c lower than
yesterdays close while the loss on November
and December was &C.
There was light trading in future deliveries
of oats and the market extremely mar
row, there being hardly sc tluctuaton in
prices.
In provisions there was some awakening of
old time life. Traders found it necessary to
again take possession of the pit and for the
first day in many weeks the market claims
something like general attention and proved
tivty characterized business, yet the move
mcnt was bearish and lower prices the rule.
The unexpected receipts of live hogs devel-
Oped an unusual desire to sell. Packers who
have been heretofore conservative in selling
against their anticipated production joined
the ranks of sellers and with excessive offer
ings severe depression followed Based on
last nights closngs the days decline
amounted to 2Oc ON January pork, lOn l2l &C
on the different deliveries of lard, 2lac on
October short ribs and l0c on January short
ribs
AFTERNOON SESSION. Wheat firmer on
stronger cables: October offered at $3.50 No
vember 7O1sc, December 7214M72ssc, January
7224M721sc. Corn firm. Oats steady: Oc-
tober 255sc, November 25Ssc, December 25Nc.
Pork sold for January at $ll 97HMl2.G212 and
closed at Sl2.02l9, an advance of 2l9c. Lard
averaged 2l2M5c higher; October closed at
S615, November and December at I.O1l 3,
January at IS. 10 and May at S645. Short ribs
were unchanged; October was quoted ut
E.05; January sold and closed at S6.O7}4